You are not currently logged in.
Access JSTOR through your library or other institution:
Tenure Choice and the Demand for Housing
J. Vernon Henderson and Yannis M. Ioannides
New Series, Vol. 53, No. 210 (May, 1986), pp. 231-246
Published by: Wiley on behalf of The London School of Economics and Political Science and The Suntory and Toyota International Centres for Economics and Related Disciplines
Stable URL: http://www.jstor.org/stable/2553951
Page Count: 16
You can always find the topics here!Topics: Housing, Economic models, Rationing, Housing demand, Prices, Econometrics, Public economics, Urban economics, Economic modeling, Demand
Were these topics helpful?See somethings inaccurate? Let us know!
Select the topics that are inaccurate.
Preview not available
This paper deals with the estimation, by means of nonlinear methods, of preference parameters from observation of behaviour in housing markets. It differs from previous work on housing market behaviour in several important aspects. First, it treats the choice of tenure mode-that is, whether to rent or own-and the housing consumption decision as a joint decision. Second, it explicitly uses the same behavioural model in analysing these discrete and continuous elements of housing market behaviour. Third, it allows for an analysis of the role of capital market imperfections and discriminatory practices in constraining housing market decisions.
Economica © 1986 London School of Economics